Harrison Street Private Wealth LLC Acquires Shares of 50,514 Ferrovial SE $FER

Harrison Street Private Wealth LLC acquired a new stake in shares of Ferrovial SE (NASDAQ:FER) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 50,514 shares of the company’s stock, valued at approximately $3,226,000. Ferrovial makes up about 4.3% of Harrison Street Private Wealth LLC’s investment portfolio, making the stock its 16th biggest position.

Several other hedge funds have also recently modified their holdings of FER. Lazard Asset Management LLC grew its stake in Ferrovial by 40,717,866.7% during the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after acquiring an additional 21,987,648 shares in the last quarter. Amundi boosted its holdings in shares of Ferrovial by 87.0% during the 3rd quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after purchasing an additional 10,016,475 shares during the last quarter. TCI Fund Management Ltd. boosted its holdings in shares of Ferrovial by 6.5% during the 4th quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock valued at $1,348,163,000 after purchasing an additional 1,269,548 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Ferrovial by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock valued at $1,341,125,000 after purchasing an additional 354,530 shares in the last quarter. Finally, Algebris UK Ltd. bought a new stake in shares of Ferrovial in the fourth quarter worth about $839,930,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Ferrovial stock opened at $67.72 on Friday. The company’s 50-day moving average price is $68.26 and its 200-day moving average price is $68.06. Ferrovial SE has a twelve month low of $50.72 and a twelve month high of $74.79. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13.

Ferrovial Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Tuesday, May 19th were given a $0.5578 dividend. The ex-dividend date was Tuesday, May 19th.

Analyst Upgrades and Downgrades

FER has been the topic of a number of research analyst reports. Zacks Research upgraded Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrovial in a research note on Tuesday, June 2nd. Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and upped their price objective for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Finally, Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and lowered their target price for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $70.47.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.